It’s celebration time for Mahindra’s Truck and Bus Division, as they rolled out their 15,000th HCV truck from the Chakan Plant in Maharastra. What’s more, the company also reached a sales milestone of 125,000 light commercial vehicles (LCVs) on Indian roads. The company is also investing Rs. 700 crore to develop new ICVs and LCVs, to add to its existing portfolio, which currently ranges from 3.5 T to 49 T.
L:R- Nalin Mehta, CEO & MD, Mahindra Truck and Bus Division, M&M Ltd, and Rajan Wadhera, President & Chief Executive – Truck & Power Train, & Head – Mahindra Research Valley, M&M Ltd on the sidelines of an announcement in Pune.
Speaking on the occasion, Rajan Wadhera, President & Chief Executive – Truck & Power Train, & Head – Mahindra Research Valley, Mahindra & Mahindra Ltd. said, “The CV industry has seen an upturn over the last few quarters which is a good sign. At Mahindra we have been steadily growing and are fully committed to our commercial vehicles business and taking aggressive steps to become a complete CV range player. With planned investments and enhancement of our product portfolio, we look forward to ride the growth trajectory”.
Nalin Mehta, Chief Executive Officer & Managing Director, Mahindra Truck and Bus Division, Mahindra & Mahindra Ltd. said, “The roll out of our 15,000th truck marks another important milestone for us, as we now have over 6,000 customers using our trucks in various applications across the country, with nearly 30% of them opting for repeat purchase. Additionally, MTBD also boasts of over 1.25 lac LCVs on Indian roads. This is a clear vindication of our engineering excellence and the brand Mahindra prowess. At MTBD, customer centricity is at the epicenter of our business and our rapidly expanding after-sales network to reach out to the last mile of our customers bears testimony to this.”